DMRC launches Rs 7,131 crore rights issue for stakeholders
The Delhi Metro Rail Corporation (DMRC) has launched a Rights issue of Rs 7131.28 crores for its equity stakeholders, i.e. Government of India (GOI) and Delhi Government. In the Rights issue, the DMRC is offering 7.13 crore shares with a face value of Rs 1000 each.
The Rights issue opened on Thursday and will close on January 11, 2023.
The DMRC, which is a 50:50 joint venture of the GOI and Delhi Government, has requested both stakeholders to infuse Rs 3565.64 crores each by way of their equity contribution. Under the Rights issue, a company issues new equity shares to the existing shareholders to raise fresh funds.
